The bulls are still weak. Yesterday, some An took the lead by buying 100 million to stabilize the market, but the rebound still hasn't broken through 80,000. Trading ideas:
Option 1. Buy long on a daily breakout above 80,000, with a stop loss at the previous daily low (of course, the specific risk-reward ratio should be considered). Option 2. Consider going long at 74,900 with a stop loss at 74,000, aiming for a double bottom. Option 3. Dollar-cost averaging into Bitcoin spot, since it's hard to pinpoint the bottom; for Bitcoin starting with 7, dollar-cost averaging isn't a big issue.
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The bulls are still weak. Yesterday, some An took the lead by buying 100 million to stabilize the market, but the rebound still hasn't broken through 80,000. Trading ideas:
Option 1. Buy long on a daily breakout above 80,000, with a stop loss at the previous daily low (of course, the specific risk-reward ratio should be considered).
Option 2. Consider going long at 74,900 with a stop loss at 74,000, aiming for a double bottom.
Option 3. Dollar-cost averaging into Bitcoin spot, since it's hard to pinpoint the bottom; for Bitcoin starting with 7, dollar-cost averaging isn't a big issue.